{"id":503400,"date":"2026-01-09T09:23:21","date_gmt":"2026-01-09T09:23:21","guid":{"rendered":"https:\/\/www.europesays.com\/us\/503400\/"},"modified":"2026-01-09T09:23:21","modified_gmt":"2026-01-09T09:23:21","slug":"invesco-backs-this-fixed-income-play-as-investors-hunt-non-u-s-safe-havens","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/503400\/","title":{"rendered":"Invesco backs this fixed income play, as investors hunt non-U.S. safe havens"},"content":{"rendered":"<p>A fund manager at Invesco has said she sees value in German bunds over U.S. Treasurys, as investors look to diversify their assets to protect their portfolios. Speaking with CNBC&#8217;s &#8216;Europe Early Edition&#8217;, Alexandra Ivanova, a manager for IFI Europe at Invesco, highlighted a major ongoing secular trend away from U.S. assets and Treasurys among global investors, and pinpointed German government debt as an attractive alternative. &#8220;Given that we need some kind of safety assets outside of Treasurys, and given the size and liquidity of Treasurys, it&#8217;s difficult to find an asset class to replace that,&#8221; Ivanova explained. DE10Y 1M mountain 10-year German bunds. &#8220;Bunds are one of the few assets that could act as a replacement\u2026 especially given there&#8217;s going to be more issuance. At the moment, the market is more fretting about more issuances and lack of demand.&#8221; She added: &#8220;My view is that in the longer term, if investors are looking for safe assets outside of U.S., bunds could act as an alternative.&#8221; Yields on 10-year bunds , the benchmark for Germany&#8217;s government debt, stood at 2.8157% on Thursday morning, down from 2.8623% week-over-week. Ivanova said the &#8220;starting point&#8221; for bunds is fundamentally &#8220;quite healthy&#8221;, with debt levels in Germany still low. &#8220;Controversially, I would say that more issuance is good for investors at a time when there is going to be an increase in total demand,&#8221; she said of the bund market. Renewed geopolitical upheaval has underscored markets just one week into the new year. The overthrow of Venezuela&#8217;s president Nicolas Maduro, rising tensions over Greenland , and the de-dollarization trend have brought portfolio diversification into sharp focus, and the need for investors to put assets to work beyond the U.S. &#8220;At the same time, I give credit to the U.S. economy for being so much stronger and resilient,&#8221; Ivanova said, adding that having both bunds and Treasurys &#8220;makes sense&#8221; for a portfolio. Elsewhere within the fixed income sphere, Japan remains &#8220;attractive&#8221;, Ivanova said, while the front-end of the U.K. gilt market &#8220;is also looking good&#8221; due to expectations of further interest rate cuts from the Bank of England.<\/p>\n","protected":false},"excerpt":{"rendered":"A fund manager at Invesco has said she sees value in German bunds over U.S. Treasurys, as investors&hellip;\n","protected":false},"author":3,"featured_media":503401,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[225727,64,81,19544,67,132,68],"class_list":{"0":"post-503400","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bund-10-yr","9":"tag-business","10":"tag-business-news","11":"tag-mutual-funds","12":"tag-united-states","13":"tag-unitedstates","14":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115864417323290017","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/503400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=503400"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/503400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/503401"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=503400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=503400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=503400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}